Hubtown Limited , a prominent real estate company, has witnessed another significant change in its promoter shareholding structure with Vyomesh M. Shah HUF releasing a substantial portion of pledged shares. This latest corporate action follows previous share pledge releases by multiple promoters, continuing the trend of reduced encumbered holdings.

Latest Share Pledge Release

Vyomesh M. Shah HUF has released 1,063,830 pledged shares, representing a significant reduction in encumbered holdings:

Current Promoter Holdings and Encumbrances

The updated promoter shareholding pattern reveals the following encumbered positions:

Transaction Details

The share pledge release was executed with specific terms and conditions:

• Encumbrance Type: Pledge created as collateral security for loan availed by Hubtown Limited
• Entity Favored: Edelweiss Investment Advisors Limited
• Regulatory Compliance: Filed under Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
• Reporting Date: January 03, 2026

Promoter Group Overview

The total promoter group holding stands at 49,770,414 shares, representing 35.02% of the company's total share capital. Out of this, 10,611,170 shares (7.47%) remain encumbered, down from the previous 11,675,000 shares (8.22%).

This corporate action represents another step in the ongoing restructuring of Hubtown's shareholding pattern, potentially strengthening the promoters' position by reducing their pledge obligations. The disclosure was filed by the authorized signatory in compliance with stock exchange regulations.

Hubtown Limited has issued a corporate guarantee to Catalyst Trusteeship Limited for securing Non-Convertible Debentures (NCDs) up to ₹300.00 crores proposed by its subsidiary Joynest Premises Private Limited. The disclosure was made on December 31, 2025, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Guarantee Details

The corporate guarantee secures the proposed NCD issuance in one or more tranches by Joynest Premises Private Limited, a subsidiary of Hubtown Limited. The funds raised through this initiative are expected to strengthen the execution capability of both Joynest and the parent company to ensure timely delivery of subsequent phases of the landmark Hubtown Seasons project.

Project Funding and Utilization

The Hubtown Seasons project is being jointly developed by Joynest and Hubtown Limited on CTS No. 469-A in Chembur, Mumbai, Maharashtra. The NCD proceeds will be utilized entirely towards the development and completion of the project, with specific focus on construction costs of sale buildings, PWD buildings, and approval costs for sale buildings.

The company plans to complete the second phase of the Hubtown Seasons project, specifically the H wing onwards, with the infusion of funds being raised through the NCDs. The original subscribers and debenture holders are funds managed by Neo Asset Management Private Limited along with its co-investors.

Regulatory Compliance and Impact

The transaction has been structured in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/CIR/2023/123 dated July 13, 2023. Key regulatory aspects include:

Financial Implications

The corporate guarantee will be disclosed as a contingent liability to the extent of the proposed NCDs subscribed by the debenture holders in Hubtown Limited's books. The company has confirmed that the transaction is carried out at arm's length, despite the promoter group's interest through the subsidiary relationship.

The corporate guarantee has been executed through a Deed of Corporate Guarantee between Hubtown Limited and the Debenture Trustee, setting out the terms and conditions for securing the NCD issuance. This financial arrangement demonstrates the company's commitment to supporting its subsidiary's project development activities while maintaining regulatory compliance.